GLP J-REIT | REIT Profile

Symbol: 3281
Exchange: TSE
Founded: 2011 (14 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial

See 3281 on Yahoo Finance

GLP J-REIT was listed on the Real Estate Investment Trust Market of the Tokyo Stock Exchange on December 21, 2012, as a real estate investment corporation specializing in logistics facilities - the largest of its kind in Japan. Demand for large-scale, highly functional, leasable logistics facilities has been increasing in recent years. Drivers include the steady growth of the third-party logistics market, as companies increasingly look to outsource their logistics operations to improve efficiency and reduce costs, in addition to the continuing evolution of the e-commerce sector associated with changes in consumers' attitudes to the internet and mail-order services. In this favorable market environment, with GLP Pte. Ltd. (GLP), one of the world's largest providers of modern logistics facilities, as sponsor, GLP J-REIT aims to earn stable income and achieve steady growth in assets under management over the medium and long term. It seeks to do this by investing in large-scale, highly functional modern logistics facilities that are expected to enjoy strong demand, thanks to the scarcity of such facilities in Japan. GLP J-REIT is determined to maximize our investors' value through its best-in-class asset management services, recognized both in Japan and globally, harnessing the extensive experience of GLP in operating logistics facilities.